Michael D. Fletcher

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Google Glass is for sale again

Ready to become a Google Glass "explorer?" You've once again got the chance.<p>One month after putting a limited stock of Glass on sale for a single day, Google said Tuesday that the face-mounted computer is available to consumers once again.<p>Last month was the first time Glass was made available to …

AstraZeneca bid is threat to UK science, says committee chair

Andrew Miller says the committee is not confident that the government can hold the US drugmaker Pfizer to any promises made over UK jobs and research<p>The chair of the science select committee, Andrew Miller, has written to the science minister David Willetts to express his growing concerns about …

Putin hopes China can solve Russia’s budget woes, but he’s in for more misery

Russian president Vladimir Putin, undermined by US shale gas in his main export market of Europe, has long hoped to find a friendlier customer in China. But it turns out that cheap US natural gas is tormenting him in Asia, too.<p>For years, a Sino-Russian deal on natural gas has been held up by a …

Russia

Bank of England in no rush to raise interest rates

Bank Governor Mark Carney says there is enough spare capacity in the economy for interest rates to stay low, but adds that the time for rate rises is edging closer<p>Interest rates will remain on hold this year, the Bank of England has signalled, but households must be prepared for a gradual increase …

Economics

Ecclestone bribery trial hears from jailed German banker

<b>A German banker who alleges he was bribed by Bernie Ecclestone has testified for the first time at the corruption trial of the Formula 1 boss.</b><p>Mr Ecclestone is accused of paying a bribe of $44m (£26m) to Gerhard Gribkowsky to secure the sale of a stake in the F1 business to a company he favoured.<p>He …

Corruption

AstraZeneca takeover: Nick Clegg turns up the heat on Pfizer

Deputy PM seeks binding pledges on jobs and research but plays down prospect of official public interest test<p>Deputy prime minister Nick Clegg turned up the pressure on Pfizer on Friday over its £63bn pursuit of Britain's AstraZeneca, urging it to make a binding commitment to UK jobs and research …

Media Industry

UK workforce: Living and working longer

The Global Benefits Attitudes Survey from leading professional services company, Towers Watson, reveals that 78 per cent of UK employees are …

Blackberry and Foxconn agree a five-year deal

<b>Struggling smartphone maker Blackberry has agreed a five-year deal with Foxconn, the big Taiwan-based maker of electronic products and components.</b><p>The two companies will initially work on the development of a new smartphone.<p>Blackberry also announced on Friday a third-quarter loss of $4.4bn (£2.7bn), …

Mobile

Wall Street Market Report

<b>(Close): US stock markets closed lower on Wednesday.</b><p>The Dow Jones Industrial Average fell 42.43 points or 0.25% to close at 16,633.<p>The technology-heavy Nasdaq dropped 11.99 points, or 0.28% to 4,225 and the S&P 500 slumped 2.13 points, or 0.11%, at 1,909.<p>Shares in the maker of Botox, Allergan, fell …

Financial Markets

Deutsche Bank to pay $1.9bn to settle US law suit over mortgages

Federal Housing Finance Agency case over mortgage-backed securities sold to Fannie Mae and Freddie Mac<p>Deutsche Bank will pay $1.9bn to settle a law suit with the US Federal Housing Finance Agency over mortgage-backed securities, part of the bank's efforts to resolve a long list of legal issues.<p>The …

JP Morgan, Deutsche: Bank Instant Messaging Headache Gets Worse

J.P. Morgan is planning a ban on traders’ instant messaging, a sign of the worsening headache that banks face around controlling staff communication.<p>As traders use myriad communication methods, keeping track of what is said and enforcing proper policy is proving a serious challenge for IT and risk …

The American Factory Revival: Not a Manufactured Hope

It’s inspiring. It’s exceedingly helpful to the U.S. economy and to jobs, in particular. But is there a manufacturing resurgence in the U.S., or is the “Made in America” rebound no more than anecdotal?<p>Hal Sirkin, senior partner at Boston Consulting Group, said unequivocally that a revival in …

BlackBerry Posts Huge $4.4 Billion Loss

(Adds details)<p>By Euan Rocha, Alastair Sharp and Allison Martell<p>TORONTO, Dec 20 (Reuters) - BlackBerry Ltd said on Friday it was entering a handset production deal that lowers the risk it will have to take more massive writedowns on unsold smartphones, and its shares surged even though it posted …

Germany's Manufacturing Sector Is Having Its Best Month In Over 2 Years

The country's flash manufacturing PMI jumped to a 30-month high of 54.2 from 52.7 in November. The manufacturing output index climbed to a 31-month high of 57.5 from 54.9.<p>Due to decelerating growth in services activity, the composite output index slipped to 55.2 from 55.4.<p>"Germany's private sector …

Manufacturing Policy

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China manufacturing PMI slows but recovering trend holds

Preliminary manufacturing PMI for China came in at 50.5 for December - the lowest in three months<p>China's manufacturing activity in December expanded at its slowest rate in three months but the recovering trend in the sector is "holding up", said HSBC said Monday.<p>The bank's flash - or preliminary - …

Stock Markets

The A-List

Tuesday, 24 May, 2016<p>Sunday, 21 December, 2014<p>Sunday, 21 December, 2014<p>Thursday, 18 December, 2014<p>US debate had shifted from what the island does …

America's Happiest Companies

In 1849, two cousins founded Charles Pfizer & Company in a modest red brick building in Brooklyn, N.Y. Little did they know, the company would grow up to be one of the world’s largest pharmaceutical companies, with the nation’s happiest employees.<p>For a second consecutive year, the multinational …

RBS finance chief Nathan Bostock quits after just 10 weeks

Nathan Bostock, who was appointed finance director at RBS on October 1, is to join Santander, as deputy chief executive<p>Nathan Bostock is to resign as group finance director of the Royal Bank of Scotland after just 10 weeks in the job.<p>Mr Bostock, who assumed the role on October 1, is set to leave to …

Investing

NatWest and RBS cards declined on Cyber Monday due to IT meltdown

Bailed-out banks face angry backlash from customers unable to pay for goods or use their accounts for second time this year<p>A technological banking glitch on one of the busiest online shopping days of the year left millions of shoppers unable to pay for transactions using their credit or debit cards.<p>…

Sales Slide Sharply For India's Tata Motors

India car maker Tata Motors reported a 39% drop in November car sales to just 40,863 units in a nation of billions. It is Tata’s worst monthly sales figure since 2010.<p>The company had originally forecast monthly sales, including exports, of 66,500 for November. Last year they sold 62,354 vehicles in …

Europe's Bank Assessment: A Worrying Preview From Ireland

The most important thing happening in the European economy over the next year is the ECB’s comprehensive assessment of large euro area banks. This process will involve an asset quality review, a supervisory risk assessment and a stress test followed by the requirement that banks be recapitalised to …